Bitcoin Forum

Hello As title says i have more than 380000000 VEF which valued 38,068,829.85 in USD According to http://www.xe.com/currency/vef-venezuelan-bolivar
You can see here:
http://www.xe.com/currencyconverter/convert/?Amount=380000000&From=VEF&To=USD

PM or reply here with your offers

Thanks

(I think) If VEF is a coin of your country, valued at $38Mill USD, why don't exchange it for $$ yourself?
There are not exchanges for vef/btc?
something related to law, or illegal?

(I never heard about vef, i didn't search in google yet).

The problem is that he can't exchange by himself

Venezuelan gov strictly avoid the USD exchange right now. So he has to get USD on black market where that XE.COM exchange rate is only utopistic.

No one in Venezuela, except Maduro, could exchange VEF in USD at official rate.

PM or reply here with your offers

I can change VEF to USD, BTC... let me know if interested in PM

end well this will not

So you are a millionaire,or the inflation in Venezuela is very high?
How come you are a millionaire in such a socialist/communist country?
Good luck with this OP,but i`m skeptical...

The inflation is out of control in Venezuela

That's why they try to convert in USD. But official rate means nothing due to bank's deep control. They don't allow to exchange VEF in foreign currencies

how much is that?
thats a huge pile man

Are those worth anything more than the paper they are printed on ?

Seems not.

http://www.theguardian.com/world/2016/feb/12/venezuela-under-economic-emergency-as-court-gives-maduro-decree-powers (http://www.theguardian.com/world/2016/feb/12/venezuela-under-economic-emergency-as-court-gives-maduro-decree-powers)

Actually VEF has about same value of the paper they are printed on (IMHO)

So how long with that last you to live life there? Can you atleast buy a house with that or not?

150.000 VEF = $15k  (at XE rate)

It's a chaos

50 VEF = 1 KG rice
200 VEF = a nice burger @street

I saw in a doc.

and "10 DOLARES EN VENEZUELA LLEGA A SER MAS DE 5000 BOLIVARES EN EL MERCADO NEGRO"

> 500 vef = $1 (black market)


 :o

About 100usd, sadly

Well we can make a crowd exchange for him if there is any value somewhere.

How much does an asset like a house costs in EURO on average in Venezuela ?

What about other valuable assets?

What is the price of the gold coins/jewelry there?


What are the best online marketplace websites from Venezuela?

WOW - A day out at the (black) market in Venezuela
By Scott Tong
March 23, 2016 | 3:24 PM - http://www.marketplace.org/2016/03/23/world/resource-curse/day-out-black-market-venezuela

Those piles of cash have no value at all, Venezuella is now the worst country to live in, inflation is a spiral that once starts will be hard to stop.